Cain Velasquez Signs “Lucrative” Multi-Year Contract With WWE

Cain Velasquez has signed a “lucrative, multi-year contract” with WWE, according to ESPN‘s Marc Raimondi.

WWE officially announced earlier today that Velasquez will be facing Brock Lesnar at Crown Jewel in Saudi Arabia on Thursday, October 31 (1 PM ET on WWE Network).

Velasquez has also informed the UFC that he is retiring from MMA competition, ESPN also reported. Velasquez has been removed from the USADA (US Anti-Doping Agency) drug-testing pool.

It was previously reported by Dave Meltzer that Velasquez will need to go in for knee surgery eventually. The surgery will happen after his match with Lesnar, but it’s not clear if it’ll be very soon after or if he’ll stick around for a while before undergoing the surgery, which is expected to keep him out for months.

Update: WWE confirmed the news.